What is Chicken Soup?
Chicken Soup, established in 1993, is a dynamic media company specializing in the development and distribution of online video-on-demand (VOD) networks. The company's core business involves curating, producing, and distributing inspirational and uplifting content across various digital platforms. Its portfolio includes advertiser-supported networks like Popcornflix, subscription-based services such as Pivotshare, and faith-focused platforms like Truli.com. A key component of its operational strength is its subsidiary, Screen Media, which manages an extensive global library of film and television content. Chicken Soup's growth trajectory is propelled by organic expansion, strategic licensing agreements, targeted acquisitions, and partnerships with sponsors and television networks, offering a vast catalog of movies and TV episodes.
How much funding has Chicken Soup raised?
Chicken Soup has raised a total of $32M across 2 funding rounds:
Stock Offering
$30M
Debt
$2M
Stock Issuance/Offering (2017): $30M, investors not publicly disclosed
Debt (2020): $2M led by PPP
Key Investors in Chicken Soup
PPP
Public-Private Partnership
What's next for Chicken Soup?
The recent major strategic investment signals Chicken Soup's intent to further scale its operations and potentially expand its content offerings or technological infrastructure. Given its diverse VOD network portfolio and substantial content library managed by Screen Media, this capital infusion is likely to fuel initiatives aimed at enhancing user engagement, broadening market reach, and exploring new content verticals. The company's established strategy of organic growth, acquisitions, and partnerships suggests a continued focus on consolidating its position in the competitive digital media landscape and capitalizing on emerging distribution channels.
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